19 September 2012

UNIDO: Agribusiness for Africa’s Prosperity

Nairobi, 19 September 2012 – Agribusiness is the key to the Government of Kenya’s efforts to create wealth and jobs said Industrialization Minister, Henry Kosgei, at a UNIDO-organized event in Nairobi today. 

Speaking at the launch of the UNIDO book, “Agribusiness for Africa’s Prosperity”, Minister Kosgei stressed that Africa needed to move from subsistence farming to agribusiness. 

He added that Kenyan farmers must learn how to maximize income by adding value to their farm products. The minister thanked UNIDO for producing the book, saying that the new publication would be a valuable resource. 

“Agribusiness for Africa’s Prosperity” outlines the current status of agribusiness and agro-industrial activities in Africa, and positions them in historical and global context. It analyzes the opportunities for diversified growth, and assesses the existing and potential sources of demand growth for agribusiness development in Africa. Seven development pillars are outlined and analyzed in detail, including enhancing productivity; upgrading value chains; exploiting international, regional and local demand; strengthening technology and innovation; promoting effective financing; stimulating private participation; and improving infrastructure and energy access. 

Ola Altera, the UNIDO Representative to Kenya, emphasized the strong cooperation with the Government of Kenya in all UNIDO thematic areas, namely poverty reduction, trade capacity building, and energy and the environment. 

Patrick Kormawa, co-editor of the book and the UNIDO Representative to Nigeria and ECOWAS, outlined the importance of agribusiness, as well as value addition, in increasing the value of commodities and creating new jobs. 

Source: UNIDO